Overview

Individuals that provide the NTS with “significant information” regarding offshore accounts that results in successful enforcement with monetary sanctions exceeding 20 million won (approximately $18k) may receive a reward ranging from 5% to 15% of the collected sanctions (up to 2 billion won [$1.8M]).

Basic Requirements (Must Meet All)

• Informants must provide their full legal name and address.
• Proof of identity is required.
• The information being provided must be objective and credible.

Significant Information

• “Significant Information” includes documentation substantiating the claim, such as account holder details, account numbers, and account balances.

Reward Distribution

• Similar to Program 1, rewards are distributed after the NTS recovers funds from the delinquent taxpayer.
• Distribution occurs within two months following the conclusion of litigation or the expiration of deadlines for payment appeals or refunds.

Confidentiality

• The NTS is committed to ensuring the privacy and confidentiality of filing information and the informant’s identity, including foreign nationals.